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Government updates adviser register

Details of financial advisers’ qualifications, education and professional association memberships will be available to consumers on ASIC’s register from today.

Assistant Treasurer Josh Frydenberg confirmed the update, describing the move as a “strong step in the right direction” and hailing it as a symbol of the government’s “ongoing commitment” to raising professional standards in advice.

The statement from Mr Frydenberg also revealed there are currently over 22,500 advisers listed on the register, and it has received more than 60,000 visits since launch.

The register includes insurance brokers, accountants and stockbrokers licensed to provide advice as well as financial planners, the statement said.